InnoCare Optoelectronics (TPE:6861) 3-Month Share Buyback Ratio : -3.06% (As of Dec. 2024 )

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What is InnoCare Optoelectronics 3-Month Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

3-Month Share Buyback Ratio measures the proportion of a company's outstanding shares repurchased over the past three months, calculated as the percentage change in shares outstanding from the previous quarter to the current quarter. A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance. InnoCare Optoelectronics's current 3-Month Share Buyback Ratio was -3.06%.

Competitive Comparison of InnoCare Optoelectronics's 3-Month Share Buyback Ratio

For the Medical Devices subindustry, InnoCare Optoelectronics's 3-Month Share Buyback Ratio, along with its competitors' market caps and 3-Month Share Buyback Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

InnoCare Optoelectronics's 3-Month Share Buyback Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, InnoCare Optoelectronics's 3-Month Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where InnoCare Optoelectronics's 3-Month Share Buyback Ratio falls into.

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InnoCare Optoelectronics 3-Month Share Buyback Ratio Calculation

InnoCare Optoelectronics's 3-Month Share Buyback Ratio for the quarter that ended in Dec. 2024 is calculated as

3-Month Share Buyback Ratio	=	(Shares Outstanding (EOP) (Sep. 2024 )	-	Shares Outstanding (EOP) (Dec. 2024 ))	/	Shares Outstanding (EOP) (Sep. 2024 )
	=	(40.269	-	41.502)	/	40.269
	=	-3.06%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

InnoCare Optoelectronics (TPE:6861) 3-Month Share Buyback Ratio Explanation

A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

InnoCare Optoelectronics 3-Month Share Buyback Ratio Related Terms

InnoCare Optoelectronics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » InnoCare Optoelectronics Corp (TPE:6861) » Definitions » 3-Month Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huanxi Road, Room B, No. 2, Section 2, Southern Science Park, Xincheng District, Tainan, TWN, 17571

Website

https://www.innocare-x.com

InnoCare Optoelectronics Corp designs and manufactures medical devices. The company produces scintillator x-ray TFT sensor modules, x-ray flat panel sensors, and flat panel detectors.

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